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Billionaire Ruby Liu faces Hudson's Bay's threat to end a lease deal for a new mixed-use department store.
Billionaire Ruby Liu is attempting to buy 25 leases from Hudson's Bay, but the retailer has threatened to end the lease deal, according to court documents.
Liu, who owns three malls and a golf course in B.C., plans to use the leases to open a new department store featuring retail, dining, and entertainment spaces.
However, the deal, which includes a $9.4 million deposit, faces opposition from landlords who lack details about Liu's plans.
Hudson's Bay claims Liu has not made adequate efforts to secure landlord approval.
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La multimillonaria Ruby Liu enfrenta la amenaza de la Bahía de Hudson de terminar un contrato de arrendamiento para una nueva tienda de departamentos de uso mixto.